Definition of Savings Bond in English:

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Savings Bond

noun

1 another term for Premium Bond.
2(In the US) a government bond sold to the general public, yielding variable interest.
Example sentences
  • Unlike a money market fund, which can usually be cashed in at any time without penalty, you can't withdraw your money from a Savings Bond for the first six months.
  • Purchasing a Savings Bond with an October issue date is key to this strategy.

For editors and proofreaders

Line breaks: Sav¦ings Bond

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